No Turnaround Yet at Yahoo!

July 20th, 2013
in contributors, syndication

by Felix Richter,


Yesterday after market close, Yahoo reported its earnings for the second quarter of 2013.<br>

One year after Marissa Mayer took over as CEO, the company's results were okayish but didn't really show signs of a major turnaround yet.

Yahoo posted a net profit of $331 million for the quarter. Unfortunately, the substantial 46 percent increase over last year's profit can be attributed mainly to gains in the company's investment holdings, while Yahoo's core business continues to slump. GAAP revenue declined 7 percent to $1.14 billion, as Yahoo’s ad business performed disappointingly. A 5 percent increase in search revenue wasn't enough to offset the 11 percent drop in display ad revenue. Yahoo's recent acquisition of Tumblr didn't contribute any significant revenue yet and Mayer stated that she doesn't expect it to do until next year.

Follow up:

The results show that even though Marissa Mayer managed to turn around the public perception of Yahoo, turning around the company's core business might prove more challenging. In the past year, Mayer has earned the trust of investors but at some point in the near future, she will have to repay that trust with some actual results.

You will find more statistics at Statista

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved